The promoter of IndusInd Bank, Ashok Hinduja has assured during media interactions that the lender’s financials remain healthy. Hinduja added that the promoter group has strong trust on the bank’s board and management. Shares of one of India’s largest private lenders crashed 26 percent after the bank reported discrepancies in its derivatives portfolio, resulting in an estimated impact of 2.35 percent on the net work of the bank. The bank’s stock was exacerbated after brokerages downgraded the stock following RBI’s shorter-than-expected approval for the re-appointment of Sumant Kathpalia as MD & CEO of the private lender, only for one year. The derivatives hit shaved off nearly Rs 18,000 crore worth of market capitalisation on March 11. The final hit may be higher as an external review is underway, Moneycontrol had earlier reported. \”Banks are always trusted for their integrity. As a promoter, we have full confidence. These errors and problems has come to various banks globally,\” Hinduja said.